The 5pm announcement is about the AUKUS, the USA's latest and greatest attempt to provoke a full out war with China.
That's why emergency, top-secret meetings are happening.
It is a trilateral joint operations program between the US, the UK, and Australia (who already have a vast array of military partnerships).
It will operate under the guise of "aligning their technological interests", but seems to just be an excuse to move ships much much closer to China, and to drastically increase the nuclear-armed presence in the area.
Australia will get access to US and UK tech and assistance with building nuclear submarines, and the US will get to station their war toys in China's back yard.
The central issue with the US and China is raw material supplies and Taiwan.
Without Taiwan, computer chips dont happen.
Meaning smart tech, cars; thermostats, computers; phones anything that uses semiconductors, become incredibly difficult or impossible to produce.
This is an issue for both China and the US. and the trajectory is, well, not good. Supply problems are already a very real issue, and they are expected to get increasingly worse.
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Both superpowers are behind in domestic production and vying for this limited resource.
The supply issue, extends globally and has negatively effected multiple industries.
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The real answer, is not in fighting a war with one another, but in innovating new ways of making things using alternate and more widely available materials, and/or drastically expanding domestic capability (the latter is happening to a degree).
But of course, increasing domestic supply is not quick, or cheap. So they are, rather foolishly, increasingly provoking one another over Tawian, who produces 92% of the Worlds supply of -10nm chips. (10 nanometers or below, which are required
for compute-intensive devices such as data center/AI servers, PCs, and smartphones. In fact, almost all of
the world’s capacity in the leading nodes [5 and 7 nanometers])
Without those chips, industry literally comes to a grinding halt.